Genpact (G) FY2013 results: revenue $2.1 billion, up 12.1% on the year
Genpact Ltd. (G) reported revenue of $2.1 billion for fiscal 2013, the year ended 31 December 2013, up 12.1% on the year before. Net income was $230 million, up 28.9%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$2.1 billion
+12.1% on the year
FY2008FY2013
Operating margin
14.5%
13.9% a year earlier
FY2008FY2013
Net income
$230 million
+28.9% on the year
FY2008FY2013
Diluted EPS
$0.97
+24.4% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,132
1,902
1,600
+12.1%
Cost of revenue
1,320
1,158
1,005
+14.0%
Gross profit
812
744
596
+9.2%
Gross margin
38.1%
39.1%
37.2%
Selling, general and administrative
485
457
358
+6.2%
Operating income
310
264
216
+17.1%
Operating margin
14.5%
13.9%
13.5%
Pre-tax income
306
263
262
+16.4%
Income tax
71.1
78.4
70.7
-9.3%
Effective tax rate
23.2%
29.8%
27.0%
Net income
230
178
184
+28.9%
Net margin
10.8%
9.4%
11.5%
Diluted EPS
$0.97
$0.78
$0.81
+24.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
312
311
267
+0.3%
Capital expenditure
48.9
83.3
35.8
-41.3%
Free cash flow
263
227
231
+15.6%
Free cash flow margin
12.3%
12.0%
14.4%
Cash from investing
-78.4
-157
-535
Cash from financing
-65.3
-106
326
Depreciation and amortisation
76.5
79.4
78.5
-3.7%
Share-based compensation
31.1
32.2
27.8
-3.2%
Dividend per share
n/a
$2.24
n/a
Diluted shares, weighted
236m
230m
226m
+2.7%
Shares outstanding at period end
231m
225m
222m
+2.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,323
1,168
1,433
+13.2%
Non-controlling interest
1.3
3.4
2.6
-60.6%
Debt
658
742
355
-11.3%
Other liabilities
707
692
613
+2.2%
Total liabilities and equity
2,689
2,606
2,403
+3.2%
Fixed assets
173
200
181
-13.6%
Goodwill
954
956
925
-0.2%
Intangible assets
99.1
112
113
-11.8%
Cash and equivalents
571
459
408
+24.4%
Receivables
505
452
402
+11.8%
Other assets
387
426
374
-9.2%
Total assets
2,689
2,606
2,403
+3.2%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.